rodri440
Long

$CHK Ascending Triangle Setup

NYSE:CHK   CHESAPEAKE ENERGY CORP
$CHK has had a continuous bullish trend since December that bounces off of an ascending channel . With the channel being confirmed four times and reaching a resistance line at $3.20 I believe a major breakout is about to occur.
Great analysis, I would agree as there is a strong resistance level at around 3.20-3.25. Considering the amount of consolidation occurring, there could be a significant breakout
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